Minerals Technologies completes Amcol acquisition

11:56 AM MDT | May 9, 2014 | Vincent Valk

Minerals Technologies today announced it has completed the acquisition of bentonite maker Amcol (Hoffman Estates, IL) for $1.7 billion, or $45.75/share. The deal was announced in March after Amcol launched a bidding war with Imerys, which had agreed to acquire Amcol for $41/share in February. "Our combined company is now a more diversified, global leader in industrial minerals with strong market positions in both bentonite and precipitated calcium carbonate. We are competitively poised for further growth in our current markets and through new product...